Timken Company Announces New President and Board Member, Effective September 1, 2025

The Timken Company announced Lucian Boldea as president and board member, effective September 1, 2025. Boldea joins from Honeywell, where he was President and CEO of Industrial Automation, a $10 billion global business segment with 31,000 employees. With over 25 years of industry experience, he brings strategic leadership and innovation expertise. Boldea holds a Ph.D. in organic chemistry and an MBA from the Wharton School.

The Timken Company (TKR) has appointed Lucian Boldea as its President and CEO, effective September 1, 2025 [1]. Boldea succeeds Richard G. Kyle, who has been serving as interim CEO since March after the departure of Tarak B. Mehta due to personal reasons [1]. Boldea brings over 25 years of industry experience, having previously served as President and CEO of Industrial Automation at Honeywell, a $10 billion global business segment with 31,000 employees [2].

Prior to his role at Honeywell, Boldea held executive positions at Eastman Chemical Company. He holds a Ph.D. in organic chemistry and an MBA from the Wharton School, indicating a strong technical and business background [2]. Boldea's appointment signals a strategic leadership transition that could significantly influence Timken's future direction.

At Honeywell, Boldea spearheaded the company's transformation in autonomous operations, leveraging AI, IoT, and advanced sensor technologies [2]. His experience in these areas aligns perfectly with the ongoing digital transformation in the industrial bearings and motion sector, where Timken operates. This appointment suggests Timken is accelerating its move toward more technology-driven solutions beyond traditional engineered bearings.

The timing of Boldea's appointment is significant, following Richard Kyle's interim leadership after his previous decade-long CEO tenure ending in 2024 [2]. This deliberate transition allows for strategic continuity while bringing fresh perspective. Boldea's unique combination of technical and business credentials, coupled with his experience at both Honeywell and Eastman Chemical, indicates he brings both deep technological understanding and proven operational leadership.

His board position with the U.S.-China Business Council also suggests valuable international perspective for Timken's global operations across 45 countries [2]. This appointment appears focused on accelerating Timken's stated strategies of portfolio diversification and sustainable growth in increasingly technology-driven industrial markets.

References:
[1] https://www.nasdaq.com/articles/timken-appoints-lucian-boldea-president-and-ceo
[2] https://www.stocktitan.net/news/TKR/timken-names-lucian-boldea-president-and-chief-executive-a2nduozsqlkh.html